10-22-2008, 02:35 PM
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CC Member
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Join Date: Dec 2001
Cobra Make, Engine: BDR
Posts: 536
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Not Ranked
Well if everyone had this same philosophy then the manufacturers of these cars would be few as there would not be near as many of these cars on the roads.
I would speculate that the majority of these cars are financed in some form or fashion.
Also if you have a 10% loan you are paying 10 cents on the dollar instead of 25 cents plus you have the tax right off.
Again just using 10 as simple math the rates are much more attractive now.
Also I don't want anyone to mis - interpret what I am saying hear, if you can not afford this car fairly easily wether it be a payment or cash then no you should not buy it . You should wait till that time arrives.
However now is as good a time to purchase anything if you have the capability it is a buyers market.
However everyones finances and positions are different it is up to the individual to decide what opptions are best for them.
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